Payroll 101
What Every Employer Should Know

Congratulations! Your business is growing and you need employees. Whether staffing up or looking for your first
hire, we’re here to help.

Three Basics of Payroll

Pay Day!
Every week? Every other week? On an agreed upon schedule, just calculate your employees’ wages, withhold the correct amount of taxes & issue their paycheck.

Paying Payroll Taxes
You will need to pay the government the Federal & State taxes withheld from your employees’ paychecks — as well as payroll taxes your business owes.

Filing Tax Forms
Let’s face it. Forms are frustrating. But you’re required to fill & file them, so the government knows who’s been paid what, the taxes paid, & other details. Most businesses file quarterly;
and some file monthly or yearly.

Three Common Payroll Pitfalls

Errors Hours. Wages. Withholdings. Taxes. Health care benefits. Getting all those calculations right gets complicated. Fortunatelyyou have software and service options to help.

Deadlines
It’s your responsibility to keep up with Federal & State tax deadlines. You can do it at the IRS website. Or use our payroll product that automatically sends you reminders when taxes are due.

Penalties
It happens… Deadlines get missed.
Calculations have errors. But a reputable full
service payroll option like ours takes complete
ownership of all your tax responsibilities.

Which payroll method would work best for you?

Here are five ways small business owners calculate and report their payroll taxes.
Take a look—and decide for yourself.